$BANK this wave of market movement is quite interesting.
Since the spot trading went live, it has been on a continuous decline, and now it has been ranging around 0.05 for over a month, a typical accumulation at the bottom of a trading range. Recent movements have shown several signals—obvious signs of a oversold reversal, and on the 1-hour chart, there was even a bullish divergence. This combination is quite textbook from a technical standpoint.
The bottom is an opportunity window, and everyone understands this logic. Based on the current technical pattern, in the short term, focus on the 0.8 level. If it can hold steady, then aiming for 1.5U later is not a dream.
Of course, traders know—position management is the line between life and death. It's recommended to take half of the position off the table first, and only then can one dare to chase higher. The washout tactics in the crypto market are nothing new; oscillations back and forth are just to shake off the indecisive. Keep a stable mindset.
If this wave truly kicks off, missing it could lead to great regret later. But the precondition is to withstand the mid-term pullback test.
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ForkTongue
· 12h ago
It's another case of bearish divergence and accumulation. I've heard this explanation more than once, but we still need to see how the subsequent trend develops.
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LayerZeroHero
· 12h ago
I'm tired of hearing the same rhetoric about bottom accumulation; just wait for it to actually start.
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FlashLoanPrince
· 12h ago
Bottom divergence, just listen and don't take it too seriously.
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SchrodingerGas
· 12h ago
I've heard the bottom divergence explanation too many times. Every time, it's called a textbook setup, but in the end, it's still sideways. To be honest, the current issue isn't technical analysis; it's whether anyone truly dares to invest at 0.05.
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GasFeeNightmare
· 12h ago
The strategy of going all-in and taking profits is indeed a common topic, but very few can actually do it at critical moments. Mindset is much more difficult than technical analysis.
$BANK this wave of market movement is quite interesting.
Since the spot trading went live, it has been on a continuous decline, and now it has been ranging around 0.05 for over a month, a typical accumulation at the bottom of a trading range. Recent movements have shown several signals—obvious signs of a oversold reversal, and on the 1-hour chart, there was even a bullish divergence. This combination is quite textbook from a technical standpoint.
The bottom is an opportunity window, and everyone understands this logic. Based on the current technical pattern, in the short term, focus on the 0.8 level. If it can hold steady, then aiming for 1.5U later is not a dream.
Of course, traders know—position management is the line between life and death. It's recommended to take half of the position off the table first, and only then can one dare to chase higher. The washout tactics in the crypto market are nothing new; oscillations back and forth are just to shake off the indecisive. Keep a stable mindset.
If this wave truly kicks off, missing it could lead to great regret later. But the precondition is to withstand the mid-term pullback test.